Why were AOL CEO Randy Falco and COO Ron Grant so secretive about buying Bebo? Because they knew…
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AOL chief Tim Armstrong will go through the formality of shopping the site around before closing it, of course, but it's hard to imagine a buyer stepping forward to pick up an also-ran Facebook competitor whose business is declining. Armstrong could be forgiven for shutting down the site immediately; after al, it was his predecessor Randy Falco who went forward with the terrible deal while Armstrong was helping Google mint billions.